Taxation Determination

TD 2003/31W

Income tax: Simplified Tax System: can an entity notify the Commissioner of its choice to become, or stop being, an STS taxpayer for an income year, after it has lodged that year's income tax return?

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Notice of Withdrawal

Taxation Determination TD 2003/31 is withdrawn with effect from today.

1. TD 2003/31 explains that an entity that wishes to notify the Commissioner of its choice to become, or stop being, an STS taxpayer for an income year, after it has lodged that year's income tax return, can do so in the approved form, under sections 328-435 and 328-440 of the Income Tax Assessment Act 1997 (ITAA 1997) respectively.

2. TD 2003/31 relates to STS provisions in former Subdivision 328-G of the ITAA 1997, which were repealed with effect from 21 June 2007.

3. TD 2003/31 has no ongoing relevance and is therefore withdrawn without replacement.

Commissioner of Taxation
7 December 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Previously released in draft form as TD 2003/D20.

References

ATO references:
NO 1-9N72KXS

Related Rulings/Determinations:

TR 92/1
TR 92/20
TR 97/16
TD 2003/29
TD 2003/30

Subject References:
amendment of assessments
entering the STS
leaving the STS
objection rights
simplified tax system
STS taxpayers

Legislative References:
ITAA 1936 170(6)
ITAA 1936 170(6)(c)
ITAA 1997 Div 328
ITAA 1997 328-435
ITAA 1997 328-440
TAA 1953 Part IVAAA